Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2021
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Margining
If a derivative is margined it means the variation margin is netted against the derivative.
Derivatives can be partially margined due to timing differences and in situations where margin payments are only required when margin thresholds or specific criteria are met. If an agreement specifies that the variation margin is to be used as settlement, then the derivative is margined.
If the variation margin is collateralised or the derivative is not margined at all, this means the variation margin is not netted against the derivative. These derivatives should be reported as being not margined.